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in the economic environment, is the fundamental reason that central planning cannot work, even apart from the adverse implications of central planning for individual freedom. we use market institutions to allocate resources because doing so maximizes aggregate wealth. we don't use market institutions to allocate and reallocate resources in order to preserve jobs in any given industry. therefore, the structural unemployment that results from reductions in defense outlays is irrelevant and politically, even if it is highly relevant politically. to the extent that reductions in defense outlays reflect an improvement in international security environments, that improvement in yields an increase in national wealth in exactly the same sense that a reduction in crime does the same. while increased employment in a given economic sector or increased unemployment, rather, in a given economic sector is painful for those subjected to economic losses, it is not a loss for the economy as a whole, because the reallocation of resources in response to changes in relative prices increases the aggregate pro
to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. jenna: right now new information on a few crime stories we're keeping an eye on for you here on "happening now." a jury trial is set to begin for a vermont woman texting while driving and hurting a pedestrian. she pleaded not guilty to grossly negligent operation of a motor vehicle vehicle. she "florida face to face"s up to 15 years in prison. that is many some of the reason we're watching this case and outcome of it all. >>> an ohio teen is headed to trial charged in a deadly screen to lure victims with phony craig's list job offers. jury selection begins for 17-year-old brogan rafferty. he and another man lured and eventually killed three victims. he faces life
Search Results 0 to 2 of about 3 (some duplicates have been removed)